Bastion Trading Integrates Binance Custody into its Digital Asset Management
We are pleased to announce that Bastion has integrated Binance Custody to safeguard Bastion Trading’s digital assets. Binance Custody’s secure and institutional-grade solution will ensure that all digital assets held by Bastion Trading are safely stored using best-in-class cold storage solutions.
Bastion Trading was founded in Hong Kong in 2014 by a group of experienced traders from JPMorgan, UBS, Morgan Stanley, HSBC and Optiver. Over the years, Bastion has expanded its trading operations to cover derivatives, options market making, DeFi and various AI & data-driven systematic strategies. Bastion Trading transitioned into cryptocurrency trading in 2017 to capitalize on arbitrage opportunities. In 2018, Bastion launched its flagship TIAG fund focused on delta-neutral strategies for external investors. They have continued to make investments in technology to create an institutional-grade trading infrastructure for managing proprietary, as well as client funds.
As the cryptocurrency market grows in value, the institutional entities also become more attractive targets for hackers and other bad actors. Binance Custody wants to focus on reinforcing the security in blockchain ecosystems. We will be helping Bastion secure their funds with state-of-the-art digital assets custody infrastructure. This infrastructure features a customizable multi-party approver scheme with MPC technology, allowing Bastion to operate crypto assets in a systematic, secure and controlled fashion.
“Our mission is to become a global leader in providing digital assets financial services enabling investors and clients to manage and grow their wealth. Integration with Binance Custody allows us to secure the digital assets under management with the best-in-class infrastructure. The integration is also a strategic decision to further expand our excellent working relationship with Binance.” stated Masahide Hoshi, CEO of Bastion Trading.